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Inventories Raw materials Work in process Finished goods Beginning of period $ 49,000 9,700 51,000 End of Period $ 35,000 20,400 34,000 Cost incurred for the period Raw materials purchases $ 181,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 12,000 Indirect labor used 46,000 Other overhead costs 98,000 t ces Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, P4 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under or overapplied overhead) 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Required information Way War veyanu w Wuyurun Weed Solve for direct material 3. In the Work in process Inventory T-account, Insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of a 5. In the Factory Overhead T-account, insert amounts for indirect materials used, Indirect labor used, other overhead costs, and apolled overhead. Solve for underappled Work in Process Inventory Beginning Purchases Raw Materials inventory 49.000 181.000 Beginning Beginning Beginning Ending 230,000 Ending Ending Ending Finished Goods Inventory Beginning Factory Overhead Beginning Beginning Beginning Ending 12.000 48.000 8.000 150.000 Ending Required 2 > Compute the cost of direct labor used for the period. The cost of direct labor for the period Cost of direct labor used